9.29.2008

Fred Wilson makes a great proposal for the public disclosure of the results of the government loan to the banks:

I would like the splurge legislation to require that we not only have public disclosure, but that we have in effect a real time listing (like the Nasdaq) of all splurge related transactions. This is good for the public (so we know what's going on with our money) and it's good for the Treasury (so it is forced to behave rationally) and it's good for investors who want to profit from all of this splurge activity. It will also allow us, after the whole things is over, to analyze the splurge and learn from it, like JLM learned from the RTC.

This is a great opportunity for the US at large to learn about investing - the US Government should be using this time to teach us all about risks, investing, returns, everything they can as they put a nation-wide contributed sum of money to work. I hope the US government is paying attention to people like Fred Wilson and Mark Cuban, who have been pouring out intelligent recommendations for the use and management of the funds almost daily.